College costs are on the rise. Are you certain that you have done everything you can to address the education needs of your children in the most tax-efficient manner? Your Morgan Keegan financial advisor can help you identify your education goals, incorporate data on specific schools and project how much money you will need to set aside to meet those goals. We will discuss the various savings vehicles currently available, including Qualified State Tuition 529 Plans, UGMA/UTMA accounts, Coverdell Savings Accounts and trusts.
To effectively invest your education funds, it is important to consider certain issues such as who controls the assets in the plan, what is the effect on financial aid, what are the tax implications of contributions and distributions, and other factors that directly impact your savings plans.
Contact your Morgan Keegan financial advisor to determine the most suitable investment option to meet your needs.
